Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/26331 
Kompletter Metadatensatz
Erscheint in der Sammlung:
DublinCore-FeldWertSprache
dc.contributor.authorFreixas, Xavieren
dc.contributor.authorParigi, Bruno Mariaen
dc.date.accessioned2008-05-02-
dc.date.accessioned2009-07-28T08:30:33Z-
dc.date.available2009-07-28T08:30:33Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26331-
dc.description.abstractDuring the last decades a consensus has emerged that it is impossible to disentangle liquidity shocks from solvency shocks. As a consequence the classical lender of last resort rules, as defined by Thornton and Bagehot, based on lending to solvent illiquid institutions appear ill-suited to this environment. We summarize here the main contributions that have developed considering this new paradigm and discuss how institutional features relating to bank closure policy influences lender of last resort and other safety net issues. We devote particular emphasis to the analysis of systemic risk and contagion in banking and the role of the lender of last resort to prevent it.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2286en
dc.subject.jelE58en
dc.subject.ddc330en
dc.subject.keywordlender of last resorten
dc.subject.keywordsystemic risken
dc.subject.keywordcontagionen
dc.subject.keywordbank closureen
dc.subject.keywordliquidityen
dc.subject.keyworddiscount windowen
dc.subject.stwLender of Last Resorten
dc.subject.stwBankenaufsichten
dc.subject.stwBankinsolvenzen
dc.subject.stwBankenliquiditäten
dc.subject.stwBankenkriseen
dc.subject.stwTheorieen
dc.titleLender of last resort and bank closure policy-
dc.typeWorking Paperen
dc.identifier.ppn564826510en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
298.71 kB





Publikationen in EconStor sind urheberrechtlich geschützt.